Actually, until the last year or two processor speed was increasing at about 60% per year and hard drive size was increasing at 100% per annum. Unfortunately, both are now reaching hard physical limits where increases will come about much more slowly. It seems like the fastest processor has been around 3.6 GHz forever, and hard drives were stuck on 80 GB/platter for well over a year until the recent 100 GB and 133 GB per platter models.
LEDs won't start reaching similar limits until perhaps 150 lm/W. After that, it may take a decade to reach 200 lm/W. I'm predicting dramatic increases for the simple reason that production white LED efficiency hasn't gone up by much in the last year or two (perhaps 30%) yet we have had laboratory samples with more than twice the efficiency for quite some time now. It's been well over a year since Cree announced a 74 lm/W efficiency of 5mm LEDs in special laboratory packages (and 65 lm/W in standard ones). I believe this was with a blue chip with 34% wall-plug efficiency. Cree now has production blue chips with 37.5% efficiency, and 42% efficiency ones are in the testing stages. This means that with special packaging a 90 lm/W white LED is possible right now as a prototype. I realize it takes time for these improvements to reach production but no more than maybe two years, if that. Nichia for one announced that its 60 lm/W 5mm LEDs would go into production in 2005. This is why I feel next year should bring about dramatic increases. We may have the manufacturers playing oneupsmanship trying to outdo each other in efficiency by rolling their lastest prototypes into production faster than normal. I'll be very, very disappointed if all we have by the end of next year is 35 to 40 lm/W. This means the manufacturers are trying to milk the market by holding back on the latest technology for as long as possible. Given that somebody is bound to roll out their latest and greatest, if for no other reason than bragging rights, I don't believe that will happen.